New Delhi: Major companies like Amazon and Google are cutting thousands of jobs in the name of overhiring, restructuring, and cost-saving to improve business. Amazon reportedly let go of more than 27,000 employees until now, while Google cut over 15,000 jobs. This trend persists as Cisco and Mozilla join the fray, announcing layoffs to streamline operations and focus on growth.
Cisco’s restructuring plan aims to realign priorities, resulting in 4,250 job cuts, while Mozilla’s strategic shift leads to 60 layoffs. Uncertainties loom as tech giants navigate economic challenges in 2024.
This restructuring constitutes about 5 percent of Cisco’s global workforce. The decision raises concerns about job security within the tech sector, echoing similar actions taken by other major tech companies.
Mozilla, the organization behind the popular web browser Firefox, has also announced a strategic shift, resulting in the firing of approximately 60 employees. This restructuring amounts to about 5 percent of Mozilla’s workforce and primarily affects members of the product development team.
The decision involves redirecting resources away from standalone privacy products like VPN and Relay service, as well as the closure of the Online Footprint Scrubber. Additionally, Mozilla plans to shutter Hubs, its 3D virtual world offering, and reduce its presence on Mastodon, specifically mozilla.social. With a focus on Firefox and AI integration, Mozilla aims to focus on areas with high growth potential, recognizing Firefox as its primary revenue source.
